Building small units in small counts is expensive development.  

For the community development dept, you'll need proper plans (architect), site survey, permits, etc. when you're ready. 

It showed me the significance of developing systems and processes that propelled my different ventures.Another book that struck a chord is Can't Hurt Meby David Goggins.

But if your goal is to cashflow positive from the Day 1, you may find it very challenging due to current day interest rates, high cost of construction and the fact you won't have the efficiencies of a seasoned developer building at scale.

I just talked to a commercial developer the other day that told me Columbus is the next Austin TX!

Quote from @Jason Hatfield: @Jaycee Greene  they require a non refundable deposit and give 48hrs to see proof of funds I would suggest developing a relationship with an HML/PML that would give you a "guidance line" that would basically be a "pre-approval" for situations like this to present to the buyer/auction company.

Plus, you get amazing appreciation potential due to how much population growth, job growth, and companies moving and developing here.

Begin with the end in mind and work backward to develop a roadmap for achieving your goals.

Quote from @Marcus Ball: After struggling with local rehab properties in California, I switched to build-to-rent developers and chose a 1031 exchange.

Quote from @Jaycee Greene: Quote from @Jamie Parker: @David Mares The short answer is to build and develop the area.